The stock market hit some major milestones this week: The Standard & Poor's 500 index reached its highest level in more than three years, the Dow Jones industrial average settled in above 13,000 — up about 24 percent since early October — and the Nasdaq rose to its highest level in 11 years. Still, the Federal Reserve has been warning not to get too excited about where the economy is headed next.
David Kotok, chairman and chief investment officer at Cumberland Advisors, says there are a bunch of reason for stocks to be rising.
Originally published on Mon September 10, 2012 1:32 pm
This World Cafe segment completes our Sense of Place Portland series, and the focus is on what Portland, Ore. — a city brimming with culture, coffee and bands — has been like for the musicians who settle there.
Poor Rutherford B. Hayes. It wasn't bad enough that the 19th president, a Republican, was called "His Fraudulency" by Democrats during his one term in office (1877-1881) because of the unusual circumstances of how he "won."
Now, the current occupant of the White House, President Obama, was spreading a most assuredly inaccurate story, according to experts, about Hayes' reaction to an early telephone.
Originally published on Fri March 16, 2012 4:16 pm
A highly popular episode of This American Life in which monologuist Mike Daisey tells of the abuses at factories that make Apple products in China contained "significant fabrications," the show said today.
The Shins are a dream-pop outfit from Portland, Ore. Arising as a side project while singer/songwriter James Mercer lived in New Mexico, the band took on a life of its own after a number of singles such as "New Slang" were featured in films, pulling the young indie rock group into the national spotlight.
Originally published on Mon March 19, 2012 12:42 pm
Illinois is in the worst fiscal shape of any state in the country.
Its pension system is $85 billion short of what it will need to pay promised retirement benefits, while it's already $8 billion behind on its everyday bills — money for schools, hospitals and private vendors for work already done and approved.
All of that could be good news next week — at least politically — says Illinois state Treasurer Dan Rutherford.